Correction To Information Circular
Halifax, Nova Scotia, January 14, 2005: Corridor Resources Inc. (CDH - TSX-V) announces that it wishes to amend the Information Circular dated December 29, 2004 for the Annual and Special Meeting of Shareholders to be held on February 3, 2005.
The list of principal holders of Common Shares of Corridor, located on page 3 of the Information Circular under the heading "Principal Holders of Common Shares", did not to include Sprott Asset Management Inc. The description of the principal holders of Common Shares is amended as follows.
To the knowledge of the directors and officers of Corridor, the only persons or companies that beneficially own, directly or indirectly, or control or direct over 10% or more of the voting rights attached to the Common Shares as at December 29, 2004 and as at January 14, 2005 are as follows:
| Name | Shares Owned or Controlled | % of Class |
|---|---|---|
| Foothills Properties Inc.* | 4,580,000 | 11.6% |
| Sprott Asset Management Inc. | 4,411,300 | 11.2% |
| *Private company wholly-owned by Mr. Jack Bray, a director of Corridor. | ||
Corridor is a junior oil and gas exploration company, headquartered in Halifax, Nova Scotia, with interests onshore in New Brunswick, Prince Edward Island and Quebec and offshore in the Gulf of St. Lawrence.
The Amendment to the Information Circular will immediately be filed on SEDAR at www.sedar.com and on Corridor's website at http://www.corridor.ca/. Copies of the Amendment to the Information Circular will also be available to Shareholders at the Annual and Special Meeting to be held on February 3, 2005 or upon request.
This press release contains certain forward looking statements relating to, but not limited to, Corridor's operations, anticipated financial performance, business prospects and strategies, including expectations relating to production levels; capital expenditure programs; the quantity of natural gas reserves; projections of market prices; projections of costs; supply and demand for natural gas; expectations regarding the ability to raise capital and to continually add to reserves through exploration and development; and treatment under governmental regulatory regimes. These statements are based on current expectations that involve numerous assumptions regarding factors and risks that could cause actual results to vary materially, including, without limitation to, the following factors: risks associated with oil and gas exploration, financial risks, substantial capital requirements, bank financing, government regulation, environmental, prices, markets and marketing, dependence on key personnel, dependence on Potash Corporation of Saskatchewan, Inc., availability of drilling equipment and access, risks may not be insurable, management of growth, expiration of licenses and leases, reserves estimates, seasonality, competition, conflicts of interest, Kyoto Protocol, issuance of debt, title to properties and hedging. There is no representation by Corridor that actual results achieved will be the same in whole or in part as those set out in the forward looking information. Furthermore, the forward looking statements contained in this press release are made as of the date hereof, and Corridor undertakes no obligation, except as required by applicable securities legislation, to update publicly or to revise any of the included forward looking statements, whether as a result of new information, future events or otherwise.
